MSP Steel & Power reports Q2 2025 results, swing to net loss

MSP Steel & Power Limited announced its unaudited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2025. On a standalone basis, total income from operations for the quarter was INR 67,686.47 lakhs, resulting in a net profit after tax of INR (7,477.08) lakhs, a decrease from INR 1,784.17 lakhs in the previous quarter. Basic and diluted earnings per share (EPS) for the quarter were INR (1.32), down from INR 0.31.

For the half-year ended September 30, 2025, standalone total income from operations was INR 138,772.61 lakhs. The net profit after tax for the half-year was INR (5,692.91) lakhs, contrasting with INR (953.77) lakhs in the prior year's corresponding period. Consolidated results mirrored this trend, with total income from operations for the quarter at INR 67,686.47 lakhs and a net profit after tax of INR (7,475.55) lakhs.

The company's borrowings were restructured under the Corporate Debt Restructuring (CDR) mechanism. With the full servicing of scheduled term loan installments, MSP Steel & Power has assessed a total Right of Recompense (RoR) liability of INR 210,088.30 lakhs, disclosed under Exceptional Items.